Business

Investors FX window records $66.61m transactions turnover

Ihesiulo Grace 19 June 2020 0

A total of $66.61 million was traded at the Investors & Exporters Foreign Exchange (I & E FX) on Thursday. Foreign exchange trade at the FMDQ Group witnessed increased growth on the turnover when compared to $16.06million traded on Wednesday. The Naira at the I & E FX on Thursday

Business Headlines

Forex investors trade N1.13trn in 2 weeks

Ihesiulo Grace 10 September 2018 0

…5 banks rake N362bn from investments in 6 months …CBN injects $ 615m, CNY46.58m in 1 week, reserves now $45.468bn Investors and Exporters (I&E) FX window between Monday, August 27 and Friday, September 7, 2018, recorded total transactions turnover of N1.129 trillion ($3.138 billion), findings by The Daily Times revealed. This is just as five […]

Business Headlines

Forex transactions hit N26.57tr in 5 months

Ihesiulo Grace 27 June 2018 0

Nigeria’s Foreign Exchange (Forex) market which would in the next few days’ wrap-up transactions activities for the first six months in 2018 has recorded a whopping total traded value of N26.57 trillion between January and May this year, investigations by The Daily Times revealed. It is instructive to note that forex market represents a platform […]

Business

E-payment transactions hit N40.5tr in 2016 – CBN

Ihesiulo Grace 20 April 2017 0

The Central Bank of Nigeria (CBN) has disclosed that value of electronic transaction in the banking sector crossed the N40 trillion threshold to N40.5 trillion in 2016 to reflect the growing public confidence in the system as a result of the convenience of electronic transactions and sensitization. The Financial System Stability Report (FSSR) by CBN […]

Business News Nigeria

CACOL condemns CBN’s proposed cash deposits, withdrawals charges

Ihesiulo Grace 28 February 2017 0

The Centre for Anti-Corruption and Open Leadership, CACOL has condemned the decision of the Central Bank of Nigeria, CBN to reintroduce charges on all cash deposits and withdrawals in bank transactions, describing it as exorbitant, exploitative and anti-poor. The Executive Chairman of CACOL, Mr. Debo Adeniran, speaking on the development said there is nothing logical […]